Stock Track | Kohl's Soars 7.45% in Pre-market After Citigroup Upgrade to Buy with $22 Price Target

Stock Track

06/01

Kohl's stock surged 7.45% in pre-market trading following a significant analyst upgrade from a major financial institution.

Citigroup upgraded Kohl's from Neutral to Buy and raised its price target to $22 from $14, representing a substantial increase that signals confidence in the retailer's prospects. According to analysts polled by FactSet, Kohl's previously had an average rating of hold with a mean price target of $15.05.

The upgrade from Citigroup, coming just minutes before the pre-market movement, provided a bullish catalyst for the stock as investors reacted positively to the improved outlook from the financial institution.

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